Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) Short Interest Update

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 108,300 shares, a drop of 27.7% from the November 15th total of 149,700 shares. Based on an average trading volume of 29,200 shares, the short-interest ratio is presently 3.7 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Trading of Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC grew its holdings in Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 216,856 shares of the company’s stock after buying an additional 35,385 shares during the quarter. Geode Capital Management LLC owned approximately 0.49% of Allied Gaming & Entertainment worth $297,000 at the end of the most recent quarter. Institutional investors and hedge funds own 3.21% of the company’s stock.

Allied Gaming & Entertainment Price Performance

AGAE opened at $0.84 on Friday. Allied Gaming & Entertainment has a one year low of $0.61 and a one year high of $1.57. The stock has a market capitalization of $36.96 million, a P/E ratio of -3.10 and a beta of 1.37. The company’s 50 day simple moving average is $1.13 and its 200-day simple moving average is $1.18.

About Allied Gaming & Entertainment

Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.